Frequently Asked Questions
A non fungible token is a unit of data stored on a blockchhain which cannot be replaced or interchanged. A blockchain is a shared immutable ledger for recording transactions and tracking assets. The NFT can be attached to a physical or digital asset or like picture, music byte or video. This allows monetization of the asset the NFT is attached to.
An NFT by nature is unique, cannot be inter changed or replaced and is indivisible. It allows proof of ownership and provenance thus making it possible to easily trade
It is very easy to buy an NFT on treasureclub.io as there is no need for a crypto wallet or any crypto currency. You can use a regular mode of payment as one may do in any ecommerce transaction using fiat currency.
We use the Ethereum technology and your NFT will be delivered in your account on the portal.
Phygital means a combination of physical and digital. Some assets sold on www.treasureclub.io are phygital meaning the physical asset accompanies the NFT. This may not be the case for all the NFTs. Please make sure to cross check this at the time of purchase.
We do not have a physical space for you to come and personally view the asset. However, we would be happy to share more pictures and videos of high value items. Feel free to reach out to us on info@treasureclub.io
All our prices mentioned are inclusive of gas fees and handling charges. Only in the case of a phygital asset we encourage you to check on duties and taxes payable in your country/region.
Send us details of your work / asset on info@treasureclub.io. Our curation team will revert to you with details.
We are a curated marketplace with a team that does the due diligence before listing the asset on the portal.
Once you register and submit your KYC, you can list your NFT for resale on the marketplace.
We auction selected NFTs. We follow the absolute online auction methodology whereby the highest bidder wins the auction. A reserve price is set along with slab wise step up amounts. We do seek a registration amount to start bidding which is refunded or adjusted against the final amount payable.
Cryptos or stocks are basically fungible or can be exchanged from one to the other. For an example one share of Microsoft can be exchanged for another with the same value. NFT however as the term says cannot be interchanged as the token represents an unique asset.
NFTs bought or traded on Treasureclub do not get affected by the unpredictability of the value of Bitcoin or any other crypto currency as we use only fiat currency.
Debit & credit cards, netbanking, UPI, mobile wallets are some commonly used modes of accepted payments. You can use the currency of your country.
We use two different gateways for domestic and international payments. If you would like to use netbanking, write to us at info@treasureclub.io
We do not have a return policy. An NFT once purchased cannot be returned under any circumstances. However, due to a technical error if a refund is required in special cases, write to us at info@treasureclub.io. In the case of unlikely events, this maybe subject to arbitration under the laws of India in the jurisdiction of Courts of Bangalore, Karnataka, India.